0
In India the effect of politics in every area is very high. Price of a product is depend on many things such as...
Raw Material, Manufacturing Cost included Labor Cost, Transportation & Taxes etc.
Raw Material: If the cost of raw material will increase by the political policy so it effect the cost of product. Ex- In UP at the time of Mayavati Government, she increase the tax on raw tabacoo lumsum 34%. So it directly effect the price of Product.
Manufacturing Cost: It is very flexible. If the labor charges will increase , Government increase the charges of petrol/ fuel etc.
Taxes: VAT is applied in many states. in which states it applies the cost of the product is differ.
What else can I help you with?
What factor effect the price of product?
salex tax
Why set the selling price due to competition?
Competition is the biggest factor influence while setting the price because if set the price higher then competitor then competitor will outclass the product and if setting the price low then company will not able to compete and earn profit as much as competitors.
What factor has the grestest influence on elasticity and inelasticity of supply?
price of the commodity
What factors influence supply others than price?
demand of the product
What is the only factor that causes movement along the supply curve?
the price of a product
What is the most significant influence on the quantity supplied of any product?
Price or Profit
Which influence on spending deals with the motivation to purchase a product?
the price of the product and the willingness of the consumer to purchase the product impact the demand of the product by the consumer. lower the price, higher will be the demand and higher is the motivation level to buy the good.
Explain the concepts of demand and supply?
if price of input for any product good is influence by
What are determinants of prices?
Price of a product is basically based on the supply and demands. Expenses of acquiring the products is a factor also of the product's pricing.
What are the key differences between the natural price and market price of a product, and how do these factors influence pricing strategies in the market?
The natural price of a product is the cost of production, including factors like labor and materials. The market price is what consumers are willing to pay for the product. These differences influence pricing strategies by helping businesses determine how to set prices to maximize profits while considering competition and consumer demand.
What three factors may influence a teen's buying decisions?
Price, Convenience and Product Information
How global macro economic factor influence demand and supply of agricultural inputs?
There are many economic factors that influence the demand and supply of agricultural inputs, although the main ones are, when price goes up demand goes down, when the price of one product rises this in turn increases demand for other products. The weather also plays a major part in this.
